{"data":{"id":"us-ar/ark.-code-ann.-4-9-340","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-9-340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(a) Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.\n(b) Except as otherwise provided in subsection (c), the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.\n(c) The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under § 4-9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 9 Secured Transactions","Part 3 — Perfection and Priority","Subpart 4 Rights of Bank"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"f97489750ab1066cee5fc0bb3e1e76dad0543248cf8d3a104631c3657b2c5559","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-9-339","next":"us-ar/ark.-code-ann.-4-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}